Heartland Advisors Inc. Has $4.57 Million Position in Knife River Co. (NYSE:KNF)

Heartland Advisors Inc. lessened its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,000 shares of the company's stock after selling 15,000 shares during the quarter. Heartland Advisors Inc. owned approximately 0.08% of Knife River worth $4,574,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KNF. Larson Financial Group LLC grew its position in Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after purchasing an additional 157 shares in the last quarter. GAMMA Investing LLC increased its position in Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after buying an additional 227 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Knife River during the fourth quarter valued at about $109,000. Jones Financial Companies Lllp lifted its position in shares of Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after buying an additional 476 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Knife River during the 4th quarter worth about $203,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Stock Performance

Knife River stock traded up $3.82 during trading hours on Wednesday, hitting $96.18. The stock had a trading volume of 78,548 shares, compared to its average volume of 404,681. The company has a 50-day moving average of $96.67 and a two-hundred day moving average of $97.11. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.45 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83.

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Knife River (NYSE:KNF - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $657.20 million for the quarter, compared to analysts' expectations of $655.80 million. On average, equities research analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KNF. Wells Fargo & Company initiated coverage on Knife River in a report on Monday, March 10th. They issued an "overweight" rating and a $102.00 target price for the company. Stephens restated an "overweight" rating and set a $120.00 target price on shares of Knife River in a research note on Friday, February 14th. Finally, Oppenheimer upped their price target on Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River currently has a consensus rating of "Buy" and a consensus target price of $110.40.

About Knife River

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.